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The Central Indiana Transit Task Force on Tuesday proposed a decade-long, $1.3 billion plan to upgrade the region's transit system. The plan calls for doubling bus service in Marion County and adding train service from Noblesville to Indianapolis. The group proposed funding the project through an income tax increase of 0.3%, as well as federal grants.

Mercedes-Benz is expected to start construction soon on a $1.3 billion expansion of its assembly plant in Alabama. The automaker has begun preparing the work site and released details of the construction plan on Thursday. BL Harbert/Gray A Joint Venture is the general contractor for the project.

A crucial vote will be held on Thursday by the Northwestern Indiana Regional Planning Commission on the proposed $1.3 billion Illiana Expressway that would link Illinois and Indiana, which will determine if the project will move forward or not. The 47-mile toll road has been proposed to help reduce traffic congestion. Supporters of the project include lawmakers in each state; however, those in the path of the road are concerned.

The proposed $1.3 billion Illiana Corridor linking interstate highways in Illinois and Indiana has been approved by the Chicago-area Metropolitan Planning Organization Policy Committee as part of its long-term development plans, a step required for the project to win federal funding. The 47-mile toll-road project -- which may make use of a public-private partnership -- would create 9,000 jobs during its three-year to four-year buildout. The proposal has its share of opponents.

A volatile municipal bond market has led a $1.3 billion World Trade Center bond sale to be postponed again, according to The Wall Street Journal. The New York Liberty Development Corp., which had originally planned to sell the tax-exempt bonds in December, has again pushed back the sale. Money raised by the bonds would help finance 4 World Trade Center.